MarsBitNews

The price of Ethereum (ETH) has experienced a pump, potentially breaking through the strong support level of $4000, as it has formed strong demand near $3000 and is showing an upcoming 'golden cross' pattern, indicating a long-term rising trend. Historical golden crosses have signaled the start of a strong pump trend. Technically, the price of Ethereum is breaking through the short-term bullish flag pattern and retesting the resistance level of $3700.

According to reports, AI developer xAI has raised $5 billion in its latest round of financing, with a valuation of $50 billion. Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz participated in this financing, and Qatar's sovereign wealth fund also participated. xAI is one of the consumer-focused AI companies alongside Google, Microsoft, Meta, OpenAI, and Anthropic. In the current booming AI industry, International Data Corporation predicts that $100s of billions will be invested by 2028.

The price of BTC has broken through $97,000, reaching a new high. The Options trading of these products this week has further boosted the volatility of the Cryptocurrency. The substantial increase in volatility is partly due to the listing of multiple Spot exchange traded funds in the US in January, and the start of Options trading for these products this week. Although the price of BTC has exceeded expectations from December, analysts indicate that there are no signs of overheating in the futures market, and it seems very rational and deliberate.

$ANON is a Token that is anonymous and launched by AI, developed by Polish developer woj. $ANON is part of the social application Supercast, which is created based on the Farcaster protocol, and has an anonymous posting function called Superanon. Users can use the SuperAnon account to anonymously post with $ANON and need to pay a monthly membership fee of 10U. $ANON has been pumping recently, reaching a peak market capitalization of 22 million. In addition to the existing Supercast and Warpcast, there are some related applications of $ANON in development, such as the previously introduced anonymous publishing application anoncast and the art project Base Colors.

MicroStrategy's Market Cap has exceeded $100 billion, and the volume has also surpassed TSL and Nvidia, becoming a popular trading stock. MicroStrategy started four years ago by purchasing BTC with treasury assets, and its strategy of using BTC as a treasury reserve asset has been rapidly adopted. More and more companies are joining in using BTC as a reserve asset, providing opportunities for traders and benefiting both stock trading and the companies overall.

BTC has been continuously hitting new historical highs since November 2024. As of the time of writing, it has surpassed the $94,500 mark and is getting closer to the psychological level of $100,000. With the rising market sentiment, investors are confident in the future of BTC and predict that it will pump all the way to the $100,000 mark. However, despite this attainable goal, the process of breaking through $100,000 is still challenging. At this critical price level, multiple factors within the market, such as fluctuations in sentiment, fund flows, on-chain data changes, and trends in the options market, may become resistance to further pumping of BTC.

In the past month, Ethereum DApp activities rose by 37.7%, reaching a volume of 1499 billion US dollars, and taking the lead in fees, total locked value, and stake rewards, but facing challenges of lack of scalability. Solana network volume surged by 83%, especially leading in the field of Decentralized Exchanges. Although the stake return rate of Ethereum is relatively low, it is more attractive due to the adjusted yield, which can attract institutional deposits and maintain its leading position in the total locked value field. Ethereum needs to achieve scalability in order to surpass a broader AltCoin Market Cap.

Source: jk, Odaily Planet Daily

Reprinted: Koala, Mars Finance

On November 19th, local time in the United States, President-elect Trump announced his new cabinet nomination: he nominated Howard Lutnick, CEO of Cantor Fitzgerald, as the new Secretary of Commerce. Previously, he was one of the candidates for the Secretary of the Treasury (yesterday, he was elected with a 9% probability in the relevant Polymarket pool).

In his statement, Trump said, Lutnick

BTCOptions product IBIT has attracted a nominal open interest trading volume of 20 billion US dollars, concentrated on call options, which may increase institutional participation and liquidity, and change market structure. Options can provide investors with hedging, speculation, and income arbitrage strategies. At the same time, tracking options data can provide insight into market expectations. The expected coverage of IBIT call options may suppress long-term implied volatility, but may trigger gamma squeeze during a bull market, predicting and causing price fluctuations.

BTC broke through $93,900, hitting a new all-time high, while the price of Ethereum (ETH) remains steadily around $3,100. The reason behind this lies in the fact that, compared with high TPS (transactions per second) blockchains such as Solana, Ethereum (ETH) has always been constrained by two core issues: low TPS and high Money Laundering. These problems not only limit the scalability of applications on the Ethereum network but also make Layer 2 solutions particularly important in its ecosystem.

In this context, StarkNet, as the Layer 2 extension pioneer of Ethereum, has quickly emerged with its low cost and high performance technological advantages. Whether it's the continuous surge in on-chain activities, the rapid expansion of the ecosystem, or the strong support from the community, StarkNet has shown itself to lead the Layer

Among the nominated members of the Trump cabinet and inner circle, several members have held or supported Crypto Assets, including Vice President-elect J.D. Vance, Health and Human Services Secretary Robert F. Kennedy Jr., National Security Advisor Michael Waltz, and former Hawaii Rep. Tulsi Gabbard. In addition, although not cabinet members, Tesla CEO Musk and D.O.G.E co-leader Ramaswamy also hold supportive attitudes towards Crypto Assets.